Cutting

Senate Amendment Would Preserve FERC’s Market Authority

As broad financial reform legislation neared completion in the Senate, a bipartisan group of senators slipped in an amendment cutting off a move by the Commodity Futures Trading Commission (CFTC) to claim sole jurisdiction over natural gas and power transactions. The amendment passed by voice vote on the Senate floor Tuesday night, preserving the existing authority of individual states and FERC in the oversight of the natural gas and power markets.

May 25, 2010

Alberta Cuts Royalties in Bid for Gas Development

The Alberta government reached out Thursday to retrieve a share in the next generation of natural gas supply development by cutting royalties on all types of drilling and giving the industry a chance to make a special case for more reductions for shale projects.

March 15, 2010

Alberta Cuts Royalties in Bid for Gas Development

The Alberta government reached out Thursday to retrieve a share in the next generation of natural gas supply development by cutting royalties on all types of drilling and giving the industry a chance to make a special case for more reductions for shale projects.

March 15, 2010

Alberta Cuts Royalties in Bid for Gas Development

The Alberta government reached out Thursday to retrieve a share in the next generation of natural gas supply development by cutting royalties on all types of drilling and giving the industry a chance to make a special case for more reductions for shale projects.

March 15, 2010

El Paso Slices Dividend, Cuts Costs to Prepare for 2010

El Paso Corp. is cutting its dividend, selling assets and reducing internal costs to fund the launch of nearly $1 billion in natural gas pipeline projects and pay for about $1 billion of exploration and production (E&P) projects in 2010, CEO Doug Foshee told financial analysts last week.

November 9, 2009

El Paso Slices Dividend, Cuts Costs to Prepare for 2010

El Paso Corp. is cutting its dividend, selling assets and reducing internal costs to fund the launch of nearly $1 billion in natural gas pipeline projects and pay for about $1 billion of exploration and production (E&P) projects in 2010, CEO Doug Foshee told financial analysts Wednesday.

November 5, 2009

Coal, Alternatives Cutting into Gas Share, Says Barclays

Just as the natural gas industry unveils a smorgasbord of significant supply growth potential, the power sector is cutting gas from its diet, according to an analysis by Barclays Capital.

November 2, 2009

BP’s Focus on Bottom Line Nets Handsome Returns

BP plc’s cost-cutting measures, implemented two years ago, are beginning to pay big dividends, the oil major said last week. Costs are projected to fall by $4 billion this year from 2008, which is $1 billion more than the producer forecast in June.

November 2, 2009

Nongas Capacity to Take Bigger Bite of Power Market, Says Barclays

Just as the natural gas industry unveils a smorgasbord of significant supply growth potential, the power sector is cutting gas from its diet, according to an analysis by Barclays Capital.

October 29, 2009

BP’s Focus on Bottom Line Nets Handsome Returns

BP plc’s 3Q2009 profits were down by more than a third from a year ago, but cost-cutting measures implemented two years ago by the oil major are paying dividends. Costs are projected to fall by $4 billion this year from 2008, which is $1 billion more than the producer forecast in June.

October 28, 2009